I was performing a home appraisal yesterday morning on Longwood Drive in Glenmore Place and you’d never know there was a “National Recession” taking place in this neighborhood! There are older homes being purchased as tear downs for large new homes and multiple home renovation projects underway, similar to what’s been taking place in the Jefferson Place Bocage market. Below is the map where Glenmore Place is located.

The “Lure” of the Baton Rouge Garden District! The Lure must be very strong because the builders of this home under construction below, at 1571 Longwood Drive, paid $312,000 for this home below, demolished it and are building this high-end home below. In reality, the $312,000 sales price was for the 100′ x 250′ lot or $12.48 a square foot.

Why you might ask? The answer is simply convenient location in the middle of Baton Rouge and close to LSU & Central Business District, “neighborhood” feel, wide streets with sprawling oak trees (natural beauty) and more a active population in terms of fitness! The LSU Lakes walking paths are only a couple of miles away. Neighborhoods within the Baton Rouge Garden District are very different from neighborhoods to the southeast such as Shenandoah Estates where I grew up. There’s a “community feel” and one generally knows who their neighbors are. I’ve often thought of the contrast as the “living-awake versus the rat race”.

Here are some of the newer homes on Longwood and Ingleside Drives Below!

What I’ve been seeing in this National downturn locally is that those with cash and investments are doing well and those living paycheck to paycheck are those that are struggling! Drive through Longwood Drive or in Jefferson Place Subdivision and you will quickly understand what I’ve been seeing since 2008 when this downturn began. There are those that are thriving in this downturn helping to make Baton Rouge the success story it is nationally! And, those that are helping to make Baton Rouge such a success story live in Shenandoah Estates as well as in the Baton Rouge Garden District!

About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500